Bahamas PR with RENTAL GUARANTEE PROGRAM

[troubled soul]

I find one Goldwynn's Rental Guarantee Program - Residences at Goldwynn
For Bahamas PR investment.
Is it worth it ?
Or just another scam artist?
What are review of this company ?

 

[JackAlabama]

azb1 said:
I find one Goldwynn's Rental Guarantee Program - Residences at Goldwynn
For Bahamas PR investment.
Is it worth it ?
Or just another scam artist?
What are review of this company ?
Click to expand...

You will pay your "guaranteed" rental income with your purchase price.

 

[Martin Everson]

JackAlabama said:
You will pay your "guaranteed" rental income with your purchase price.
Click to expand...

That's pretty much it. There is no free lunch.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[troubled soul]

Martin Everson said:
That's pretty much it. There is no free lunch.
Click to expand...

Is it legit company ?

 

[Martin Everson]

azb1 said:
Is it legit company ?
Click to expand...

Yes they are legit. But pretty sure like every developer here you have to use an agent to buy and can't go direct - its a mafia 😕.

I would personally just go with Sotheby's Bahamas. They are a known international franchise like Remax and trustworthy. You can see link of properties they offer for PR residency at bottom of the page. The Goldwnn property is also listed there.

https://www.sirbahamas.com/eng/permanent-residency

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[JohnnyDoe]

Martin Everson said:
Yes they are legit. But pretty sure like every developer here you have to use an agent to buy and can't go direct - its a mafia 😕.
Click to expand...

You don't really need an agent, but you do need a lawyer. In some cases the seller has an exclusive agreement with a particular agent and he will direct you to that agent, even if it will cost him a 6% commission (not negotiable).

Martin Everson said:
I would personally just go with Sotheby's Bahamas. They are a known international franchise like Remax and trustworthy. You can see link of properties they offer for PR residency at bottom of the page. The Goldwnn property is also listed there.

https://www.sirbahamas.com/eng/permanent-residency
Click to expand...

Bahamas Real Estate & Homes for Sale - H.G. Christie Ltd. is the biggest real estate agency.
Bahamas Real Estate - Homes, Condos, Property and Vacation Rentals is smaller but very good.

I would personally avoid those “guaranteed” deals and just buy a property (min $750k) that you like, there is everything for every taste, from condos in the city to beachfront cottages on semi-deserted islands.

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